Question from a web visitor: why is the deduction for 1/2 of self-employment tax taken on the front side of the 1040 and not on the proprietorship’s Schedule C?
The general rule with home office deductions is that the deduction cannot generate a business loss. But there’s an exception to this rule.
What EIN should go on a W-9 for a single-member LLC?
When a sole proprietor has an employer identification number (EIN), it would seem to be common sense that the proprietor would put that EIN on the Schedule C for the proprietorship. Not so fast — especially of the sole proprietorship is a single-member LLC taxed as a sole proprietorship.
How to fix a Schedule C filed in the wrong spouse’s name.
What to do when a management company issues a wrong 1099 to rental owner
For my professor clients, there was a Tax Court case this week involving an adjunct who tried deducting his teaching expenses as business deductions. The IRS disagreed. From the TaxProf Blog: The Tax Court decided yesterday that an adjunct professor (who was paid $20,000) was an employee of Nova Southeastern University. As a result, he could […]